TDS is not applicable on purchase of stationary, even if by way of contract.
But if stationary is purchased after some printing or work on it, then TDS is applicable. eg. Printing of Letter Heads.
TDS applicable or not
Page no : 2
Ashutosh Biswal
(Asst.Manager Finance)
(283 Points)
Replied 12 October 2011
In my Previous commment , i was used the term TDS infact it is TRS (Tax recovery at source) and all the remaing explanantion given by me was best to my knowledge and i stand on this ...
your valuable comments are welcome to table..
amit jain
(Chartered Accountant)
(532 Points)
Replied 12 October 2011
tds is for only services received and not for purchases
shanil jain
(CHARTERED ACCOUTANCY)
(60 Points)
Replied 12 October 2011
TDS is not to be done on purchases but on contract of work u/s 194C.
but be carefull that if u are paying the vendor for printing letter heads then the transaction can be covered under the ambit of TDS provisions.
But in that case if the vendor specifies the printing rates separately in the bill and the material purchased, then TDS liability on the printing part arises, subject to the limits u/s 1194C.
hope that might help u.. :)
Yash Anandkumar Mandavia
(Practising Chartered Accountant)
(184 Points)
Replied 13 October 2011
Dear Vijaybhai,
As per your query, am not able to get whether the same is in the nature of purchase or you are consuming the same in your business. If the transaction is in the nature of purchase, TDS u/s 194C is not required to be deducted, but if you are consuming the same, i.e. in other words, if you are using it as material, than I suggest to deduct the same u/s 194C....
Sharad Jain
(CHARTERED ACCOUNTANT)
(116 Points)
Replied 14 October 2011
IT IS A CONTRACT FOR SALE AND PURCHASE OF GOODS, HENCE NO NEED TO DEDUCT THE TDS.....
Sharad Jain
(CHARTERED ACCOUNTANT)
(116 Points)
Replied 14 October 2011
IT IS A CONTRACT FOR SALE AND PURCHASE OF GOODS, HENCE NO NEED TO DEDUCT THE TDS.....
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